Standard Chartered Tanzania
| Company type | Subsidiary |
|---|---|
| Industry | Financial services |
| Founded | 1917 |
| Headquarters | , |
| Products | Loans, Checking, Savings, Investments, Debit Cards |
| Total assets | US$793.1 million (TZS:1.24 trillion) (2011) |
Number of employees | 337 (2011) |
| Parent | Standard Chartered Bank |
| Website | www |
Standard Chartered Tanzania, whose official name is Standard Chartered Bank Tanzania Limited, but is often referred to as Stanchart Tanzania, is a commercial bank in Tanzania, and is a wholly owned subsidiary of Standard Chartered. It is one of the banks licensed by the Bank of Tanzania, the national banking regulator.[1]
The bank serves retail customers, corporate customer, and medium to large business enterprises. As of December 2011[update], it was the fifth-largest commercial bank in Tanzania, by assets, with an estimated asset base of US$793.1 million (TZS:1.24 trillion).[2]
History
[edit]The bank was established in 1911. In 1967 its assets were nationalized, but was returned to its current owners in 1992. Stanchart Tanzania focuses on the following banking sectors: (a) agriculture (b) trading and (c) manufacturing. It also maintains a department solely devoted to small-to-medium enterprises (SMEs).[3]
Ownership
[edit]Stanchart Tanzania is a subsidiary of the Standard Chartered Bank Group, an International financial services conglomerate, headquartered in London in the United Kingdom, with operations in more than seventy countries and a network of over 1,700 branches, employing in excess of 73,000 people.[4] The stock of the Standard Chartered Bank Group is listed on the London Stock Exchange, the National Stock Exchange of India and the Hong Kong Stock Exchange.
Branch Network
[edit]As of December 2011[update], Standard Chartered Bank Tanzania operates a network of seven (7) branches, in the following locations and controls a network of eight (8) Automated Teller Machines (ATMs):[5]
- Main Branch - International House Building, Shaaban Robert Street at Garden Avenue, Dar es Salaam
- NIC Branch - NIC Life House Building, Sokoine Drive at Ohio Street, Dar es Salaam
- Shoppers Plaza Branch - Shoppers Plaza Building, Mikocheni, Old Bagamoyo Road, Dar es Salaam
- Kariakoo Branch - Narung’ombe Street, Kariakoo, Dar es Salaam
- Mwanza Branch - Chama Cha Mapinduzi Building, Makongoro Road, Mwanza
- Moshi Branch - 98 Rindi Lane Road, Moshi
- Arusha Branch - Sykes Building, Goliondo Road, Arusha
See also
[edit]- List of banks in Tanzania
- List of banks in Africa
- Bank of Tanzania
- Standard Chartered Bank
- Economy of Tanzania
References
[edit]- ^ List of Licensed Commercial Banks in Tanzania
- ^ Stanchart Tanzania December 2011 Total Assets
- ^ "About us - Standard Chartered Bank Tanzania". www.standardchartered.com. Retrieved 2017-09-03.
- ^ "Redirect". www.standardchartered.com. Retrieved 2017-09-03.
- ^ "ATMs & Branches - Standard Chartered Bank Tanzania". www.standardchartered.com. Retrieved 2017-09-03.
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